WINNIPEG, Manitoba--Intercontinental Exchange canola futures were mostly higher in choppy trading mid-session Friday, as the U.S. grain and oilseed market was closed for Juneteenth.
Small upticks in crude oil, along with modest gains in Malaysian palm oil and European rapeseed provided support to canola.
An analyst said there is also caution in the markets as the deal between the U.S. and Iran appeared to be "devolving." Fresh talks between them on a more permanent agreement were postponed after Israel and Hezbollah exchanged deadly attacks overnight.
Cool temperatures and rain are to dominate the Prairie weather forecast through the weekend and into next week.
Canola exports improved during the week ended June 14 to 183,400 metric tons, the Canadian Grain Commission reported. That brought cumulative exports of the oilseed to 7.73 million tons, but that's 1.03 million tons behind those a year ago.
